Crypto Dan
BTC - Possibility of a short-term rebound
The movements of short-term investors have a great relationship with Bitcoin's price fluctuations. This indicator is a technical indicator Bollinger Band applied to SOPR on-chain data. Generally, in a bull market, a short-term rebound often occurs when the short-term SOPR reaches the bottom of the Bollinger Band. In particular, in this adjustment, the positive sentiment of general investors has been dampened and overheating is cooling down, so we can expect rebound back after this adjustment period.